Freddie Mac

noun

Federal Home Loan Mortgage Corporation.
a publicly traded security that represents participation in a pool of mortgages guaranteed by the Federal Home Loan Mortgage Corporation.

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Word History and Origins

Origin of Freddie Mac¹

1970–75; from the initials FHLMC, on the model of Fannie Mae

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Example Sentences

Examples have not been reviewed.

In September of that year, US mortgage giants Fannie Mae and Freddie Mac were nationalised.

From

Fannie Mae and Freddie Mac should participate in the mortgage market only as fully private entities, without any implicit government guarantees.

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The 30-year fixed mortgage rate, while ticking down a little this month, most recently stood at 6.6% last Thursday — which is actually up from about 6% in mid-September, according to Freddie Mac.

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In late November, mortgages rates hit 6.84%, but have declined somewhat since, clocking in at 6.6% as of Dec. 12, according to Freddie Mac.

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“An environment where rates continue to hover above 7% impacts both sellers and buyers,” said Sam Khater, Freddie Mac’s chief economist.

From

Freddie Freddy Mac

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